Can I Avoid Capital Gains Tax by Selling One House and Using the Proceeds to Pay Off My Second Home's Mortgage?

Ans: Congrats to your Son for getting admission into ABESIT. Please note, that success in a career does not ONLY depend upon where the student joins, instead, depends upon his/her self-motivation and dedication.
As desired by you, given below are the steps/strategies/techniques to be followed from 1st Year till last year to be successful in his career. 1) Visit the college campus & your CSE Department. Spend around 2-3 hours, if the college has not yet opened. 2) If the course curriculum is available on the college’s website, advise him to go through it. 3) Now, he should create his professional-looking LinkedIn Profile. 6) It is advisable to create a new professional email ID (preferably Gmail ID) like ‘ravikant_btech or ravikant_tech or ravikant_cse_tech’ etc. (for LinkedIn/Job Applications/Certificate Courses) INSTEAD of using the same personal email ID that he might be having already. 7) He should have a limited/like-minded friend circle though you can interact with all the students in his classroom. 8) He should also involve in co/extra-curricular activities, related to his domain. This will help him in the long run for Campus Interviews/Abroad Education etc. 9) He should avoid skipping any classes and should take notes, provided by the faculties. Class notes are more important for all tests/exams in his college. 9) He should have a good/professional relationship with all faculties of the CS department. 10) Better to have a separate note-book for doubts for each subject. 11) Whenever doubt-clearing sessions are conducted, he should fully utilise them and get all your doubts cleared and note down to avoid 11th hour pressure before each test/exam. 12) Important: He should maintain a decent SGPA/CGPA of 8.5 and above without any backlogs/arrears. 13) After 1st Semester or 2nd Semester is over, he should start learning and/or upgrading new skills from NPTEL, Coursera, Upgrad, Internshala etc. and / or recommended by his CS Department faculties. 14) Once he completes the online/offline short-term courses & get certificates, he should immediately update them in LinkedIn. 15) MOST IMPORTANT: He should put job alerts in LinkedIn, related to his domain (CSE), get notifications, go through the JD (Job Description) of each job vacancy to know the job market trends and prepare himself for the same. 16) Whenever he gets an opportunity, he should interact with the 2nd to 4th year students & get their advice which will enable you to plan after completing each academic year and whenever Campus Recruitments are taking place, if time permits, should interact with the last year students after they attend the interview, to know about the assessment tests, interviews, group discussion, selection process & companies visited. 17) Placement cell of most of the colleges displays the names of the recruiters/companies visited during the last 3-years. He should do a research about each company by visiting its website. 18) It is advisable to start preparing for assessment tests of Campus Recruitment, once you enter into 4th year. 19) Should decide in advance in 4th year itself, whether he wants to go for the job after his BTech or to pursue Masters in India or Abroad. 23) If decided for Masters, should start preparing well for Entrance Exams/IELTS/TOEFL/PTE etc. whichever is applicable. 20) Before approaching an Abroad Education Consultant, do conduct a thorough study on the countries and universities you are interested in. 21) Please note, his college cannot arrange to provide internships for all students. If he gets, well and good. 22) If not, he should start trying through LinkedIn, Internshala or any other Internship platforms, or through your friends/their colleagues in any of their companies for Internship (instead of relying only on his college). 22) As far as the Campus Interview is concerned, he should prepare a good/professional-looking Resume just in 1-page as he will be a fresher. Use ‘cultivatedculture’ Resume Building Platform which is very user-friendly and free also. No need to go for paid version 23) To prepare for the online or offline interview, he should prepare himself with Mock Interviews using his own mobile phone with the help of his family members/friends. 24) He should conduct at least 10 mock interviews, correcting himself in each one for his responses to the questions as well as his body language. 29) Preparing around 20-25 technical / non-technical questions & answers for the same in advance will further boost your confidence when you face actual interviews. 25) When applying for campus interviews, prioritize organizations with job descriptions that fit his profile, hobbies, credentials, qualifications, location, job title, and company reputation. 31) However, he should have Plan B & Plan C if campus recruitment does not work out. Hope, I have covered almost all aspects with value-additions.

All the BEST for Your Son’s Prosperous Future.

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Ans: You may seek legal recourse to try and get your balance money back although it looks difficult now but their is NO harm in trying.

If you know group of other affected investors then it would be better to fight the case legally as a group.

My best wishes!!

Ans: Only cybercell Police of your area can help you on this matter.

You can raise grievance with Sebi and also request Police higher authorities/RBI/Sebi on social media for prompt help.

Ans: No.

But for a more detailed response on this subject you may consult a CA.

Ans: Your son's situation is a common one faced by many students and parents when deciding between engineering (PCM) and MBBS (PCB).
If your son is unsure at this point and can handle the workload, PCMB might be a safer option, as it keeps his options open. He can decide after Plus 2, based on his results and interest. However, if he already has a clear preference for engineering or medicine, then choosing PCM or PCB before PUC would allow him to focus his efforts and energy more efficiently toward his goal.

Ans: As per a study if your deductions are more then 3.75 L per year then old regime suits you else new regime is suitable for you.

Ans: Most banks may not accept your loan request due to condition of ITR requirement.

However, if your requirement is not too high, several private lenders and NBFCs (Non-Banking Financial Companies) now offer loans for housing and other purposes without ITR.

Ans: New regime would be better for if you do not have much deduction eligible as per Income Tax Act.